Video posts are similar to standard blog posts, the only difference is that they have a box where the video link  or embedded video code can be inserted, and when viewed the video will be shown before the standard content.

The links from the major video providers will be automatically recognised and rendered. You can check here the full list of supported services.

Check the video below to see how to create a video post (the video is based on a different theme, but the process is the same):